Our Most Dangerous Enemy – The Sun

A little sidetrack into what may be one of the most dangerous natural catastrophes that will hit today's world that almost no one knows about.

Most people at least sort of know what a solar flare is – a burst of radiation emitted by the sun. What they don't know about is called a coronal mass ejection (CME).

A CME is an actual physical plasma (positive ions and free electrons) that is released from the sun carrying an incredibly powerful electromagnetic potential. They are fairly common and can range in size. But the sun is a big thing and the odds of any particular CME hitting the Earth itself are fairly small. A big one is generally thought of as a 100 year event, meaning in any particular year the odds of being hit by one is less than 1 in 100.

Prior to the electrical age, their only observable effect was the huge auroras, caused by the interaction of the electrically charged plasma and the magnetic field of the Earth itself, seen much farther from the poles than they would normally ever be. Beautiful, but possibly scary to people who had never seen one – like a big comet or supernova.

But what happens when those massive electrically charged particles interact with a conductor of electricity? I won't try to go into the complexities of how electromagnetic field effects work, but the long and short of it is that they create a current flow in any conductor. What happens when you have more current flowing through a conductor than it was designed to handle? Short circuits or even physically melting altogether.

Your home or office's circuit breaker panel is made for the purpose of handling overloads in anything it's connected to by physically breaking the circuits. Power strips and dedicated grounds are for dealing with power overloads or drops in the electrical power grid itself, such as from a nearby lightning strike.

A CME is like a universal lightning strike that hits everywhere at once and can last for days.

The last one we got hit with, in 1859, took down the entire world's telegraph system. The next one could take out almost the entire electrical/electronic system that so much of the modern world is utterly dependant on, both on Earth and in space.

Power and satellite companies get solar weather reports just like Earth weather, but the vast majority of the population knows absolutely nothing about it and would only have an average of 3 to 4 day's warning to understand and prepare to whatever extent is possible. The only reasonably sure protection is by physically disconnecting from any power source, and securely grounding everything that could have an induced current flowing through it for the entire length of time it takes for it to pass.

Unfortunately, there's no way to ground most electronics. Few installations have a dedicated ground circuit and nothing mobile (including cars and trucks – yes, they'll get hit too) is designed for it to be done at all. For small electronics the only possibility is a faraday cage – entirely enclosed in a well grounded conductive, usually copper, netting. Not many of them around and not something you can whip up in just a few days. Personally, I've got enough conductive wire for making jewelry that I could probably put something together in a few days big enough for my computer and a few small things, but that's not common. Available wire supplies to buy would be gone within hours of knowing one's coming, bought by people who already know the danger and what to do about it.

It may not happen tomorrow. It may not happen in the next 50 years. But there's no question, it will happen.

Read More https://mygauntlet.com/

Prices And Controls

When or anyone unilaterally decides how something should be priced, you are dictating to everyone what they can and can't do, what they can and can't buy, what they do, or do not want.

Labor and material cost are far from the only inputs into the price of something at any given place and time. What people are willing to pay tells manufacturers where and where not to invest and how much or how little of it to produce. Prices dictate profits and the potential for profits is the incentive for why a person or business makes something in the first place or looks for ways to make it better or cheaper.

Capitalism, in purely economic terms, is really just an acknowledgment that there is often an investment (capital) needed in order to make something or to offer a service for sale and that those who come with the investment (capital) should reap a reward for their investment.

Investment is simply savings, delaying current buying (consumption) in the expectation of having those savings work to give you more money in the future.

Free markets require the ability to invest, i.e. capitalism, but the reverse isn't necessarily true. Simply because you are allowed to invest, doesn't mean you are participating in a free market.

Free markets are what empowers people to create opportunities for themselves, not some super-governmental body dictating prices and products. Countries do not trade. People trade. Businesses trade. Stop trying to interfere with their ability to do so in the way that each one of them decides is best for *them*.

Trade And Tariffs

For most of the first 100 years of the US, the only two major financing methods the federal government used were tariffs and, to a lesser extent, taxes on liquor. Tariff rates were generally from 5 to 10%. Imports and exports stayed fairly equal since there wasn't much in the way of foreign investment in the US (which doesn't get accounted for in the way we figure trade “deficits” today). Far harder to invest and run a business on the other side of a huge ocean that still took quite a while and involved a significant level of actual danger to cross than it is today.

Tariffs were also explicitly used as a weapon against the South, to force them to buy goods from the North instead of imports. In fact, that was one of the major arguments that led to the succession of the South and the resultant Civil War. Sorry, but no, it wasn't *all* about slavery.

No single policy acts in a vacuum. We grew despite the tariffs that were in place, not because of them. We grew because of the low level of government interference in free markets. We grew because we didn't see business as some evil or dangerous mount that needed to be ridden with jack boots and spurs.

Free trade benefits the population as a whole. Yes, some individuals get hurt, but that happens all the time for many reasons other than trade as well, whether it's new technology or processes, businesses moving from one place in the country to another, or just the changing tastes of the general public.

Yet even though all of these non-international trade changes create far more total losses for the individual businesses and employees in the nation affected by whatever changes happen, we still recognize that the nation as a whole benefits and so don't demand government stop the changes from happening (although many states have become quite predatory or cronyist in offering government goodies to attract new or keep old companies in their state).

International trade is exactly the same thing. There is no economic difference to the nation as a whole what caused the change that creates the temporary business dislocation. When a less expensive way of making a good is found, more people benefit than are harmed, albeit that the losses are more localized and easy to see, while the benefits are more diffuse and harder to pinpoint.

The ideal situation is that our government not get involved at all. It doesn't matter to the workers or final consumers what another country's policies are. They are really unimportant to a truly free trade. If another country doesn't mind harming their own citizens for the benefit of their politically well connected, that's their problem, not ours. It is not our business, as a country, to decide how other countries are run.

Any artificial change in the price or supply of any good or service, such as tariffs, forced on the economy harms it as a whole. The current free market price of any given good or service is the always moving target of finding the most efficient way to produce the most supply of what is of the most value to the most consumers at the lowest possible price. That's really the bottom line of what drives everything that happens in a free market.

Prices people are willing to pay are used to inform producers of what consumers want at any given point in time. Desire for profits drives producers to find the most efficient way to meet those desires at the lowest cost. That process is what has created the incredible world we live in today, the explosion of possibilities never even dreamed of before, raising masses of people the Earth could never even have sustained before yet to an increasing standard of living, in an amount of time that's the merest fraction of the history of the human race.

This is what freedom creates and this is what is blocked when the force of government inserts itself between what free and peaceful people want to do and what they are allowed to do. It can do nothing *but* net harm to its citizens.

Read More https://mygauntlet.com/